JPMorgan Chase & Co. started coverage on shares of Salesforce (NYSE:CRM – Get Free Report) in a note issued to investors on Thursday. The brokerage set an “overweight” rating and a $250.00 price target on the CRM provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 27.78% from the stock’s previous close.
A number of other analysts also recently weighed in on the company. Macquarie Infrastructure decreased their price objective on Salesforce from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. Sanford C. Bernstein reduced their price target on Salesforce from $194.00 to $173.00 and set an “underperform” rating on the stock in a research report on Thursday, May 28th. Canaccord Genuity Group reissued a “buy” rating and issued a $225.00 price target on shares of Salesforce in a research note on Tuesday, June 16th. Daiwa Securities Group lowered their price objective on Salesforce from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 2nd. Finally, Wedbush initiated coverage on Salesforce in a report on Wednesday, July 1st. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $249.05.
View Our Latest Stock Analysis on Salesforce
Salesforce Trading Up 1.2%
NYSE CRM traded up $2.33 during trading hours on Thursday, reaching $195.65. The company’s stock had a trading volume of 982,809 shares, compared to its average volume of 13,633,259. The firm has a fifty day simple moving average of $170.96 and a 200-day simple moving average of $182.38. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. Salesforce has a 52 week low of $146.32 and a 52 week high of $269.11. The stock has a market cap of $160.24 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.07 and a beta of 1.16.
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